Moody's: Azerbaijan faces challenges, but fiscal strength is high
New York, December 15, 2016-- Moody's Investors Service says that the negative outlook for Azerbaijan's Ba1 rating reflects various prevailing risks to economic growth, due to the adverse effects from the depreciation of the manat and high inflation on households' purchasing power and consumption, and the weak state of the banking sector, which dampens the outlook for investment. Moody's conclusions are contained in its just-released annual credit analysis on the Government...
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